Dallas Fed President Richard Fisher in a speech last night in Mexico City warned that the Fed’s quantitative easing has overstayed its welcome. “I fear that we are feeding imbalances similar to those that played a role in the run-up to the financial crisis,” Fisher said in remarks to the Association of Mexican Banks. He also noted that when it comes to the stock market, the price-to-projected forward earnings, price-to-sales ratios and market capitalization as a percentage of GDP, are at levels not seen since the dot-com boom of the late 1990s. In the associated video, Yahoo Finance Editor in Chief Aaron Task weighs in on whether or not investors should be concerned based on Fisher’s comments and his track record with predictions like these.

Another cautionary tale reported this morning: subprime lending is making a comeback.

Jesse Columbo coined the term “bubblecovery” to describe this funny money recovery we’ve been “enjoying” for nearly six years now. And like the last one, it will pop.

Only this time we’ll be starting with a multi-trillion-dollar bloated Fed, trillion-dollar deficits, and 18% underemployment.